Mesirow Financial Investment Management Inc. Decreases Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Mesirow Financial Investment Management Inc. cut its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 23.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,886 shares of the company’s stock after selling 2,398 shares during the period. Mesirow Financial Investment Management Inc. owned 0.05% of Bowman Consulting Group worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in Bowman Consulting Group in the 3rd quarter worth $208,000. NBC Securities Inc. acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $214,000. Millrace Asset Group Inc. boosted its position in Bowman Consulting Group by 58.0% in the fourth quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock valued at $1,898,000 after buying an additional 19,617 shares during the last quarter. Finally, Polen Capital Management LLC acquired a new position in Bowman Consulting Group in the 4th quarter worth approximately $2,010,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BWMN. Robert W. Baird began coverage on shares of Bowman Consulting Group in a research note on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price objective on the stock. DA Davidson increased their price target on Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Bank of America began coverage on Bowman Consulting Group in a report on Friday, May 24th. They issued a “buy” rating and a $36.50 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Bowman Consulting Group in a report on Wednesday, March 13th. Finally, Baird R W upgraded Bowman Consulting Group to a “strong-buy” rating in a research report on Monday, June 3rd. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $42.50.

Bowman Consulting Group Price Performance

NASDAQ BWMN traded up $0.58 during trading hours on Wednesday, reaching $32.17. The company’s stock had a trading volume of 38,241 shares, compared to its average volume of 92,781. The firm has a market capitalization of $568.35 million, a price-to-earnings ratio of -47.15 and a beta of 1.15. The company’s 50-day moving average is $31.62 and its two-hundred day moving average is $33.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 1.21. Bowman Consulting Group Ltd. has a 1-year low of $25.52 and a 1-year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Monday, May 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The business had revenue of $94.91 million during the quarter, compared to the consensus estimate of $93.51 million. On average, equities analysts predict that Bowman Consulting Group Ltd. will post 0.09 EPS for the current year.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $30.95, for a total value of $38,068.50. Following the transaction, the director now owns 3,224 shares in the company, valued at approximately $99,782.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Michael Bruen sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $32.45, for a total value of $162,250.00. Following the completion of the sale, the chief operating officer now directly owns 409,310 shares in the company, valued at $13,282,109.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond Jr. Vicks sold 1,230 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $30.95, for a total value of $38,068.50. Following the completion of the sale, the director now directly owns 3,224 shares of the company’s stock, valued at approximately $99,782.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,230 shares of company stock valued at $1,135,456 over the last ninety days. Corporate insiders own 20.40% of the company’s stock.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.